Skillz director exercises 7,067 RSUs into shares
Skillz Inc. director Alexander Mandel exercised restricted stock units into common shares.
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Form Type
4
Rhea-AI Filing Summary
Skillz Inc. director Alexander Mandel exercised restricted stock units into common shares. On May 19, 2026, 7,067 restricted stock units settled into 7,067 shares of Skillz Class A common stock at an exercise price of $0.00 per share, with no open-market purchase or sale reported.
Following the transaction, Mandel directly holds 21,201 shares of Class A common stock and 7,070 restricted stock units. The grant is scheduled to vest in four equal annual installments beginning on January 20, 2024, and the units shown in this report had vested prior to May 19, 2026.
Insider Trade Summary
7,067 shares exercised/converted
Exercise
2 txns
Insider
Mandel Alexander
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 7,067 | $0.00 | $0.00 |
| Exercise | Class A common stock | 7,067 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 7,070 contracts (Direct);
Class A common stock — 21,201 shares (Direct)
Footnotes (3)
- F1. The restricted stock units settled in Class A common stock of the Company on May 19, 2026.
- F2. Each restricted stock unit represents a contingent right to receive one share of the Company's Class A common stock.
- F3. The restricted stock grant will vest in four equal annual installments beginning on January 20, 2024. The restricted stock units on this report vested prior to May 19, 2026.
Key Figures
RSUs exercised: 7,067 units
Shares received: 7,067 shares
Exercise price: $0.00 per share
+3 more
6 metrics
RSUs exercised
7,067 units
Restricted stock units settled into Class A common stock on May 19, 2026
Shares received
7,067 shares
Class A common stock issued from RSU settlement on May 19, 2026
Exercise price
$0.00 per share
Conversion of restricted stock units into Class A common stock
Shares held after
21,201 shares
Class A common stock directly owned after May 19, 2026 transaction
RSUs outstanding after
7,070 units
Restricted stock units remaining after exercise reported on May 19, 2026
Vesting schedule
4 equal annual installments
Restricted stock grant vesting beginning January 20, 2024
Key Terms
Restricted Stock Units, Class A common stock, derivative security, vest
4 terms
Restricted Stock Units financial
"The restricted stock units settled in Class A common stock of the Company on May 19, 2026."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Class A common stock financial
"Each restricted stock unit represents a contingent right to receive one share of the Company's Class A common stock."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vest financial
"The restricted stock grant will vest in four equal annual installments beginning on January 20, 2024."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Skillz (SKLZ) director Alexander Mandel report in this Form 4?
Alexander Mandel reported the exercise of 7,067 restricted stock units into 7,067 shares of Skillz Class A common stock. This was a derivative exercise at $0.00 per share, not an open-market buy or sell transaction.
What type of securities were involved in Alexander Mandel’s Skillz (SKLZ) Form 4?
The Form 4 shows restricted stock units converting into Class A common stock. Specifically, 7,067 restricted stock units settled into 7,067 Class A common shares, consistent with each unit representing the right to receive one share when vested and settled.
Was Alexander Mandel’s Skillz (SKLZ) transaction an open-market stock purchase or sale?
No. The transaction reflects the exercise and settlement of restricted stock units into common shares at $0.00 per share. It does not show any open-market purchases or sales, so there is no reported trading at prevailing market prices.
How do Alexander Mandel’s Skillz (SKLZ) restricted stock units vest over time?
The restricted stock grant vests in four equal annual installments starting on January 20, 2024. The units reported as exercised had already vested before May 19, 2026, enabling them to settle into Class A common stock on that date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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